One of the most explosive Web3 coin projects of 2022 is poised for a 47% rally, according to analyst Michaël van de Poppe, who is hugely popular in the crypto market.
Analyst expects big rally from this Web3 Coin project
Crypto trader and analyst with a large following Michaël van de Poppe, leading crypto Bitcoin (BTC) 28,400 He says that if the dollar can maintain its support range, Web3 coin project STEPN (GMT) could see a massive rally.
Crypto analyst to 602,000 Twitter followers thinks GMT could soon hit $1.80 with a jump of around 47%. Michaël van de Poppe quotes:
If BTC can hold the $28,400 range, there might be a game in GMT.
Source: CryptoMichNL / Twitter Web3 coin project STEPN was trading at $1.33 at the time of writing, down 8% on a daily basis, according to data from CoinMarketCap. However, as we also mentioned in the news of Kriptokoin.com, STEPN reached an all-time high of $ 4.11 on April 28, 23 days ago. The altcoin is currently 67% below its peak.
Analyst watches $29,400 in Bitcoin
Remaining in BTC, Poppe says that if Bitcoin turns the $29,400 level from resistance to support, nothing will stop the leading crypto from reaching $32,800:
My territory was marked at $28,400 a few days ago. I’m still watching this on Bitcoin. It was also rejected at $29,400, so we’ll see how the lower ranges react. A return of $29,400 could already be a trigger towards $32,800.
Source: CryptoMichNL / Twitter At press time, Bitcoin has lost 4.19% in the last 24 hours, falling to $29,000.
“Chiliz (CHZ) can run 20-35%”
The analyst also thinks that altcoin markets are ready to explode. According to the analyst, who evaluated a chart of Chiliz (CHZ), there is no reason why the sports-focused social token should not yield 20-35% gains. The analyst explains:
A good breakout in some altcoins has resulted in some (support/resistance) returns that can be traded. Just like in CHZ. This can result in a 20-35% run.
Source: CryptoMichNL / Twitter Chiliz was trading at $0.1156 at the time of writing, losing 5.53% on a daily basis.
